Morgan Stanley agreed to pay $60 million to settle a lawsuit by customers who said the Wall Street bank exposed their personal data when it twice failed to properly retire some of its older information technology. A preliminary settlement of the proposed class action on behalf of about 15 million customers was filed on Friday […]
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According to state-backed media reports, Alibaba Cloud Computing’s information-sharing partnership was put to an end on Wednesday by Chinese watchdogs, following allegations of neglecting to report and tackle a cyber threat. The 21st Century Business Herald reported that the subsidiary of the e-commerce giant failed to promptly report weaknesses in the famous, open course logging […]
Security pros say it’s one of the worst computer vulnerabilities they’ve ever seen. They say state-backed Chinese and Iranian hackers and rogue cryptocurrency miners have already seized on it. The Department of Homeland Security is sounding a dire alarm, ordering federal agencies to urgently eliminate the bug because it’s so easily exploitable — and telling […]
Cybersecurity spam alerts reached Friday and Saturday the Federal Bureau of Investigation’s (FBI) external email servers by unleashing a wave of fake emails addressing a misleading cyberattack warnings to thousands of people and companies. In a statement, the FBI revealed that the spam alerts emitted from its Law Enforcement Enterprise Portal (LEEP) system, utilized for […]
In a field like cybersecurity, where a company’s operational integrity depends on their ability to detect, protect, respond, and govern data from root to stem, it is no surprise that machine learning and artificial Intelligence in cyber security would rise to great prominence. It was always inevitable that Machine Learning (ML) and/or Artificial Intelligence (AI) […]
Amid an epidemic of ransomware attacks, the U.S. is discussing cybersecurity strategy this week with 30 countries while leaving out one key player: Russia. The country that, unwittingly or not, hosts many of the criminal syndicates behind ransomware attacks was not invited to a two-day meeting starting Wednesday to develop new strategies to counter the […]
U.S. Department of Justice (DOJ) disclosed on Wednesday intentions of implementing the False Claims Act as an additional measure to follow-up on cybersecurity cases intertwined with federal contractors playing a role in exposing the country’s security ecosystem to cybersecurity threats. Deputy Attorney General Lisa O. Monaco introduced this week the Civil Cyber-Fraud Initiative that will […]
Google publicized on Tuesday its next step to prevent any future data security threats into Google Accounts by auto-enrolling two-step verification (2SV) for 150 million users by the end of 2021, while enforcing two million YouTube creators to mirror its efforts. With the overtake of cyber breaches spreading across various platforms, companies, and governmental […]
Decentralization of technology is the typical trend in the modern day. Cloud based communications, additive manufacturing, and data driven decision making are all good examples. When it comes to cybersecurity however, the opposite might be the better way to go. That is why every organization worth it’s salt ought to invest in an SOC, Security Operations Center, to safeguard its operations. […]
Austin Moody wanted to apply his cybersecurity skills in his home state of Michigan, teaming up with investigators for the State Police to analyze evidence and track down criminals. But the recent graduate set the idea aside after learning an unpaid internship was his only way into the Michigan agency. “I don’t know many people […]